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NIFTY
CLOSE- 10458.35 (01.03.2018)
Market closed weekly in negative territory. It has completed short term pull back rally as expected last week. It made a high of 10,631.35 levels on nifty so far in this pull back rally. It looks like end of pull back rally till recent high as mentioned above is surpassed & it looks like completion of right shoulder & begging of fresh round of selling in this wave-IV correction. Nifty has strong support around 10300-10276 levels to watch out for in short term, below which we can see sharp sell off towards lower levels
CLOSE- 10458.35 (01.03.2018)
Market closed weekly in negative territory. It has completed short term pull back rally as expected last week. It made a high of 10,631.35 levels on nifty so far in this pull back rally. It looks like end of pull back rally till recent high as mentioned above is surpassed & it looks like completion of right shoulder & begging of fresh round of selling in this wave-IV correction. Nifty has strong support around 10300-10276 levels to watch out for in short term, below which we can see sharp sell off towards lower levels
